New Delhi: The revenue of regional political events from unknown sources within the monetary 12 months 2021-22 amounted to Rs 887.55 crore, accounting for 76 % of their whole earnings, in keeping with a report by the Association of Democratic Reform (ADR).
The report instructed that the contemporary determine signifies a “rise in parties` income” from unknown sources compared to 2020-21 when the entire revenue of regional events accounted for Rs 530.70 crore, of which Rs 263.93 crore or 49.73 % got here from unknown sources.
In its report, the ADR stated: “Donations over Rs 20,000 are defined to have come from known sources as their donor details are available through contribution reports as submitted by regional parties to the Election Commission of India (ECI).
“The `unknown` sources are revenue declared within the annual audit report by these events however with out giving the supply of revenue.” It said that the unknown sources are income declared in the Annual Audit reports but without giving a source of income for donations below Rs 20,000. “Such unknown sources embody `donations through electoral bonds`, `sale of coupons`, `aid fund`, `miscellaneous revenue`, `voluntary contributions`, `contribution from conferences or morchas`, and many others.
“The details of donors of such voluntary contributions are not available in the public domain,” the report identified. “Total income of political parties from unknown sources (income specified in the audit reports whose sources are unknown): Rs 887.551 crore, which is 76.14 percent of the total income of the parties.”
The report additionally highlighted that of this Rs 887.55 crore, 93.26 % or Rs 827.76 crore got here from electoral bonds whereas revenue from the sale of coupons shaped 4.32 % which is Rs 38.35 crore and voluntary contributions under Rs 20,000 shaped 2.40 %, which is Rs 21.29 crore in revenue from unknown sources of 27 regional events.
The ADR said that originally, 54 regional (acknowledged) events had been thought of for this evaluation. “However, only 28 of them had filed both their Annual Audit and Contribution reports while the remaining parties had only submitted one out of the two reports,” it stated.
“While the total income of 27 regional political parties in FY 2021-22 amounts to Rs 1,165.58 crore, the total income of political parties from known donors stands at Rs 145.42 crore, which is 12.48 percent of their total income,” the report stated.
It additionally stated that the entire revenue of political events from different identified sources like membership charges, financial institution curiosity, sale of publications, celebration levies, and many others. is Rs 132.61 crore or 11.38 % of the entire revenue.
